Just as the COVID-19 outbreak has brought many “nonessential” business activities to a standstill within a growing list of states — and created financial uncertainty both on Wall Street and on Main Street — it has also put a deep freeze on impending M&A mega-deals. So, in the end, the novel coronavirus has scuttled Xerox Holdings’ $34.9 billion, $24 per share (comprising $18.40 in cash and 0.149 Xerox shares for each HP share) unsolicited, hostile takeover attempt of HP Inc.

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